Let to Buy

Having suddenly discovered that we will have to sell our home and sell it quickly we're making a virtue out of a necessity and considering "Let to Buy".

We're assuming house prices can only fall...

...and thinking if we can *rent* a place from someone who is making 5% on it, surely we can earn 5%-ish in the Nationwide, wait for the next stock-market downturn then move into shares, wait for the next housing upturn amd buy ourselves a better house?

Reply to
Troy Steadman
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According to the times a few weeks ago, rents are *rising* due in part to people who are renting whilst they wait for house prices to drop!

FWIW, have you calculated how much house prices would need to drop in order for you to buy a significantly better house?

Reply to
Tumbleweed

I was in the letting place sorting out a new flat to live in (from homeless but owning a home, to living in a rented flat but still owning the home) and rents are lower here than a few years ago in the

1/2 bed flat market, the price of studios are looking ridiculously low, if you can get anyone in them.

but even with that, there were still 2 seperate people in the office talking about buy-to-let, and this in south west london where I think figures have shown falling prices for a good few months now.

Jim.

Reply to
Jim Ley

You will pay tax on the money from Nationwide.

I worked out for where I live, it is better to do this if you have less than about 50% equity. If I had more than that, I would be better off buying.

This is looking purely at the figures for where I live, and my personal circumstances, and assuming that house prices will stay pretty much level over the next few years.

Reply to
Jonathan Bryce

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